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Improved returns from CBD offices lift Keppel Reit's Q2 income

Published on Jul 21, 2014 6:30 PM
 
A better showing from Ocean Financial Centre (left) and Prudential Tower in the central business district (CBD) lifted earnings for Keppel Reit in the second quarter, the trust said on Monday, July 21, 2014. -- PHOTO: KEVIN LIM AND KEPPEL REIT

SINGAPORE - A better showing from Ocean Financial Centre and Prudential Tower in the central business district (CBD) lifted earnings for Keppel Reit in the second quarter, the trust said on Monday.

However, its distribution per unit (DPU) for the period fell 3.6 per cent to 1.9 cents.

Net property income for the three months to June 30 shot up 21.5 per cent to $39.2 million from the preceding year.

Income available for distribution rose 0.7 per cent to $53.2 million while gross rent grew 13.7 per cent to $45.9 million.

 
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